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John & Jon has net income of $49,200, sales of $936,800, a capital intensity ratio of 0.74, and an equity multiplier of 1.5. What is
John & Jon has net income of $49,200, sales of $936,800, a capital intensity ratio of 0.74, and an equity multiplier of 1.5. What is the return on equity?
Please show the work - I'm getting confused on calculating shareholder's equity. I understand Return on equity = net income/shareholder's equity
Thank you!
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